8.14 Market Analysis:
Bitcoin has been continuously rising on the daily chart recently, with frequent bullish candles, but currently there is consolidation at high levels, posing a risk of pullback. On the hourly chart, there is significant selling pressure around the 123800 level, with highs gradually decreasing, indicating a short-term consolidation trend.
In terms of indicators, the MACD histogram on the hourly chart is shortening, and the DIF and DEA are approaching the zero axis, indicating weakening momentum; although the daily MACD is still in the bullish zone, upward momentum has slowed down. Overall, the short-term consolidation characteristics are prominent, and caution should be exercised regarding pullback pressure during high-level fluctuations, along with attention to changes in momentum and key level breakout situations.
Trading Suggestions:
Trade Bitcoin in the range of 122800-123500, with a target looking down towards 120500-121000
Trade Ethereum in the range of 4760-4790, with a target looking down towards 4580-4610 near $BTC $ETH #BNB创新高 #BTC再创新高 #以太坊创历史新高倒计时 #ETH突破4600 #ETH突破4600
